NXPC / TetherUS PERPETUAL CONTRACT
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NXPCUSDT → The coin is being killed. Searching for a new bottom

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NXPCUSDT is testing the bottom at 1.1675 while Bitcoin and the top 10 cryptocurrencies are in a global/local bullish trend...

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NXPCUSDT is showing its weakness in the cryptocurrency market. There is no potential or driver for the coin, and it continues to be killed... Against the backdrop of a growing market and Bitcoin forming a bullish trend, the NXPC coin is testing the bottom...
After a strong and long-term decline, the NXPC coin is forming a flat (consolidation) in the range of 1.5637 - 1.1675. A pre-breakdown base is forming relative to support, which could lead to the price breaking out of consolidation downwards...

Resistance levels: 1.2532
Support levels: 1.1675


Focus on support for the range and bottom in the current coin at 1.1675. This is a risk zone and a panic zone. If the price breaks out of this consolidation, there are no obstacles below and the fall could be aggressive. A breakout of the consolidation support could trigger a continuation of the rally or a decline with the aim of forming a new bottom...

Best regards, R. Linda!
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